Chalet Hotels Limited, a prominent arm of K Raheja Corp, operates as an owner, developer, asset manager, and operator of hotels under renowned global hospitality brands. It manages a diverse portfolio in key Indian regions including Mumbai, NCR, Hyderabad, Bengaluru, Pune, and Lonavala, engaging in hospitality, commercial, retail, and real estate sectors. As of March 2023, the company boasts six hotels, a service apartment, and commercial properties, alongside an ongoing residential project in Bengaluru.
The company went public in 2018, raising Rs 1614.18 crores through an IPO. Recent expansions include acquiring The Dukes Retreat in Lonavala and entering the North Indian market with a venture near Delhi International Airport. In 2023, renovations and expansions were undertaken at properties in Mumbai, Pune, and Bengaluru. Furthermore, recent acquisitions and mergers have strengthened its asset base, including full ownership of Sonmil Industries and a majority stake in The Dukes Retreat Private Limited.
